Vesting; Effect of Termination of Service. (a) Subject to Sections 4(b) and 4(c) below, Participant’s Restricted Stock Units will vest upon the expiration of the Performance Period, subject to and contingent upon achievement of the Performance Goal described in Exhibit A hereto and Participant’s continued Service through the last day of the Performance Period. Notwithstanding the foregoing, if Participant attains at least age sixty-five (65) and completes at least five (5) years of Service (“Retirement Vesting”) and subsequently retires prior to expiration of the Performance Period, Participant shall be entitled to receive (i) the number of Restricted Stock Units that would have vested in accordance with the preceding sentence if Participant had continued Service through the last day of the Performance Period, multiplied by (ii) a fraction, the numerator of which is the number of days during the Performance Period on which Participant was providing Service, and the denominator of which is 1,095.
Vesting; Effect of Termination of Service. (a) Subject to Sections 3(b) and 3(c) below, Participant’s Restricted Stock Units will vest (i) thirty-three percent (33%) on the twelve (12) month anniversary of the Award Date, provided that Participant has remained in Service continuously through such date, (ii) thirty-three percent (33%) on the twenty-four (24) month anniversary of the Award Date, provided that Participant has remained in Service continuously through such date, and (iii) thirty-four percent (34%) on the thirty-six (36) month anniversary of the Award Date, provided that Participant has remained in Service continuously through such date.
Vesting; Effect of Termination of Service. The RSUs subject to the Award shall vest in accordance with the Vesting Schedule set forth in Exhibit B to the Grant Notice. Unless and until the RSUs have vested in accordance with the Vesting Schedule set forth in set forth in Exhibit B to the Grant Notice, Holder will have no right to any distribution with respect to such RSUs. Except as otherwise provided in Exhibit B to the Grant Notice, in the event of Holder’s Termination of Service prior to the vesting of all of the RSUs (but after giving effect to any accelerated vesting pursuant to Exhibit B to the Grant Notice), any unvested RSUs will terminate automatically without any further action by the Company and be forfeited without further notice and at no cost to the Company.
Vesting; Effect of Termination of Service. (a) Subject to Sections 3(b) and 3(c) below, Participant's Restricted Stock will vest 100% on the first anniversary of the Award Date, so long as Participant has remained in Service continuously until such date.
Vesting; Effect of Termination of Service. The RSUs subject to the Award shall vest in accordance with the Vesting Schedule set forth in the Grant Notice. Unless and until the RSUs have vested in accordance with the Vesting Schedule set forth in the Grant Notice, Holder will have no right to any distribution with respect to such RSUs. In the event of Xxxxxx's Termination of Service prior to the vesting of all of the RSUs, any unvested RSUs will terminate automatically without any further action by the Company and be forfeited without further notice and at no cost to the Company.
Vesting; Effect of Termination of Service. (a) Subject to Sections 3(b) and 3(c) below and the terms of any employment agreement or offer letter between the Corporation and Participant, Participant’s Restricted Stock Units will vest in full on the three-year anniversary of the Award Date, provided that Participant has remained in Service continuously through such date.
Vesting; Effect of Termination of Service. (a) The Restricted Stock Award will vest as follows: Shares will vest on , 200 (such period between the Grant Date and the vesting date being referred to as the “Restriction Period”).
Vesting; Effect of Termination of Service. The RSUs subject to the Award shall vest in accordance with the Vesting Schedule set forth in the Grant Notice. In addition, the RSUs will be fully vested upon (i) Holder’s Termination of Service as a result of Holder’s death, (ii) Holder’s Termination of Service as a result of Holder’s Disability, (iii) Holder’s Termination of Service as a result of Holder’s Retirement on or after the first anniversary of the Grant Date, (iv) Holder’s Termination of Service by reason of Holder’s termination by the Company or an Affiliate without Cause following a Change in Control, or (v) if Holder is or will be eligible for Retirement at any time on or after the Grant Date and prior to the final Scheduled Vesting Date, immediately prior to a Change in Control. The date on which any of the foregoing acceleration events occurs shall not be considered a Scheduled Vesting Date for purposes of the Agreement. Unless and until the RSUs have vested in accordance with the Vesting Schedule set forth in the Grant Notice, Holder will have no right to any distribution with respect to such RSUs. In the event of Xxxxxx’s Termination of Service prior to the vesting of all of the RSUs (but after giving effect to any accelerated vesting pursuant to this Section 1.1(b)), any unvested RSUs will terminate automatically without any further action by the Company and be forfeited without further notice and at no cost to the Company.
Vesting; Effect of Termination of Service. The PSUs subject to the Award shall vest in accordance with the Vesting Schedule set forth in the Grant Notice. Unless and until the PSUs have vested in accordance with the Vesting Schedule set forth in the Grant Notice, Holder will have no right to any distribution with respect to such PSUs. In the event of Xxxxxx’s Termination of Service prior to the vesting of all of the PSUs (other than a Termination of Service due to death or Disability), any unvested PSUs will terminate automatically without any further action by the Company and be forfeited without further notice and at no cost to the Company. In the event of a Termination of Service due to Xxxxxx’s death or Disability, the vesting contingent on continued service or employment shall be deemed achieved and the PSUs will remain eligible to vest if and when [the/either/any] Performance Metric has been achieved so long as the Holder (i) received the Award in his or her capacity as an Employee or Consultant, and (ii) was in good standing as of the date of Termination of Service and was employed by or providing services to the Company or an Affiliate for at least one year prior to the date of the Termination of Service.
Vesting; Effect of Termination of Service. The RSUs subject to the RSU Award shall become eligible for payment in accordance with the Vesting Schedule set forth on the first page of this Award Agreement. In the event of Participant’s Termination of Service prior to the payment of the Payout Value (as defined below) with respect to any RSUs, such RSUs will terminate automatically and be forfeited without further notice. Unless and until the Payout Value with respect to the RSUs has been paid to Participant, Participant will have no right to any distribution with respect to such RSUs.
